Word: stocked
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Dates: during 2000-2009
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...huge government spending binge in China that has had companies here frantically restocking their supplies of copper, iron ore and other commodities used in industrial production. "The biggest driver of discontent [with the Chinalco deal] among Rio shareholders," says Grant Craighead, managing director of Australia-based independent research group Stock Resource, "was that the deal was being struck close to the low point in the current financial crisis. Over recent months the market decided that the worst of the crisis was over, and life's likely to get better. The Chinalco deal went from looking like...
Those bullish on global economic recovery have their data points: the steady upward climb of world stock markets, three straight months of Chinese manufacturing expansion, the weak dollar. But there are still plenty of skeptics of a rapid and robust turnaround, with their own set of numbers to cite: continued bleeding of private-sector jobs in the U.S. and Europe, more record lows in new home construction, and, er, the weak dollar. (Watch TIME's video of Peter Schiff trash-talking the markets...
...unit (TEU) container on an East Asia-to-Europe voyage is reportedly currently maxing out at a paltry $500. Though the pace of the drop in rates has slowed, there are signs that charter prices have still not bottomed out, having dipped below the record lows of the 2002 stock-market crunch. According to London ship broker Clarkson, a 3,500-TEU gearless Panamax vessel - the largest vessel that can go through the Panama Canal - pulls in $6,500 a day, down 34% on the $9,500 it was charging in February...
Still, many expected things to be different this time. The bursting of the housing bubble so soon after the tech-stock wreck was supposed to show the excess and folly of the financial-services industry. Many predicted a massive shift in workers away from dollar-crunching into the more real parts of the economy. The best and the brightest would no longer head straight to Wall Street. (See 10 perfect jobs for the recession...
...other U.S.-based insurers, Northwestern Mutual and MassMutual, also question the study's data. The NEJM letter places Milwaukee-based Northwestern's tobacco-stock holdings at $235 million in Reynolds, Philip Morris and Lorillard, which produces Newport cigarettes. But spokeswoman Jean Towell says the insurer's investments are actually one-tenth that figure, less than $24 million...